Common use of Additional Death Benefit - Burial Expense Clause in Contracts

Additional Death Benefit - Burial Expense. Upon the Director's death, the Director's Beneficiary shall also be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand Dollars ($10,000). This benefit shall be paid directly from the Bank to the Beneficiary and shall be provided specifically for the purpose of providing payment for burial and/or funeral expenses of the Director. Such death benefit shall be payable within thirty (30) days of the date the Administrator receives notice of the Director's death. The Director's Beneficiary shall not be entitled to such benefit if the Director is terminated for Cause prior to death.

Additional Death Benefit - Burial Expense. Upon the Director's =s death, the Director's =s Beneficiary shall also be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand Dollars ($10,000). This benefit shall be paid directly from the Bank to the Beneficiary and shall be provided specifically for the purpose of providing payment for burial and/or funeral expenses of the Director. Such death benefit shall be payable within thirty (30) days of the date the Administrator receives notice of the Director's =s death. The Director's =s Beneficiary shall not be entitled to such benefit if the Director is terminated for Cause prior to death.

Additional Death Benefit - Burial Expense. Upon In addition to the above-described death benefits, upon the Director's death, the Director's Beneficiary shall also be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand Dollars ($10,00010,000.00). This benefit shall be paid directly from the Bank to the Beneficiary and shall be provided specifically for the purpose of providing payment for burial and/or funeral expenses of the Director. Such death benefit shall be payable within thirty (30) days of the date the Administrator receives notice of the Director's death. The Director's Beneficiary shall not be entitled to such benefit if the Director is terminated removed for Cause prior to death.

Additional Death Benefit - Burial Expense. Upon In addition to the above-described death benefits, upon the Director's ’s death, the Director's ’s Beneficiary shall also be entitled to receive a one-time lump sum death benefit in the amount of Ten Thousand Dollars ($10,00010,000.00). This benefit shall be paid directly from the Bank to the Beneficiary and shall be provided specifically for the purpose of providing payment for funeral and/or burial and/or funeral expenses of the Director. Such death benefit shall be payable within thirty (30) days of the date the Administrator receives notice of the Director's ’s death. The Director's ’s Beneficiary shall not be entitled to such benefit if the Director is terminated for Cause prior to his death.

Additional Death Benefit - Burial Expense. Upon the Director's ’s death, the Director's ’s Beneficiary shall also be entitled to receive a one-time one­time lump sum death benefit in the amount of Ten Thousand Dollars ($10,000). This benefit shall be paid directly from the Bank to the Beneficiary and shall be provided specifically for the purpose of providing payment for burial and/or funeral expenses of the Director. Such death benefit shall be payable within thirty (30) days of the date the Administrator receives notice of the Director's ’s death. The Director's ’s Beneficiary shall not be entitled to such benefit if the Director is terminated for Cause prior to death.